Real-World Asset. Any off-chain asset (real estate, funds, commodities, credit) represented on-chain via tokenization.
RWA (Real-World Asset) refers to any tangible or intangible off-chain asset whose economic rights are represented on a blockchain through tokenization. Categories include real estate, fund units, bonds and sukuk, private credit and receivables, commodities like gold, and collectibles. In Dubai, RWAs are split between the ARVA regime (non-securities, VARA) and the securities regime (DIFC/DFSA or federal CMA), and the classification of the underlying asset drives which regulator and licence apply.
Dubai's Virtual Assets Regulatory Authority, the world's first dedicated regulator for virtual asset service providers.
Dubai International Financial Centre, an independent common-law financial free zone with its own regulator (DFSA).
The economic design of a crypto-asset, including supply schedule, distribution, utility, and incentive mechanics.
Asset-Referenced Virtual Asset. Dedicated VARA category for tokens representing ownership in real-world assets.